AvidXchange

MARCH 15, 2021

The list of problems that can be addressed with automated bill payments is extensive. You may be tired of writing paper checks every month to vendors. Or you may find it’s getting repetitive and time-consuming to keep track of which vendor you owe money to on the first day of the month, 15 th of the month or the end of the month?

Billing 52

Billing AP Invoicing Financial Analysis 52

SAP Accounts Payable

MAY 27, 2019

Payment files are generated using Automatic Payment Programs. ESB picks up these payment files from SAP folder and shares the same with the bank through MIM job. Bank reads the payment files only in format specified by the bank itself. To use DME, payment medium workbench is used.

Collections 52

Collections Invoicing Accounting Accounting 52

Nanonets

NOVEMBER 15, 2023

Consider this:  Levvel Research  found that 50% of businesses grapple with late payments and missed discounts due to protracted approval cycles. These figures underline the need for a more efficient, streamlined way to handle  invoices ,  purchase orders , and  payments. What are paperless accounts payable?

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

AvidXchange

JUNE 6, 2022

Efficient management of accounts receivable not only helps businesses maintain a healthy cash flow but also supports customer relationships, risk mitigation, and strategic decision-making essential for long-term success. The process is a simple turn of events that make the receivables traceable and manageable.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

AvidXchange

NOVEMBER 10, 2022

Accounts payable (AP) automation is a technology solution that accounting teams use to convert paper invoices into a digital format and then automate the process of organizing within the system, routing approvals, coding and executing payments. As invoice volumes increase, AP leaders need to decide how to handle them.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

AvidXchange

FEBRUARY 19, 2021

But how can you be better informed and more confident this is the right move to make for your company? You’ll also gain related insights that will help you make the best decision for your business. You’ll also gain related insights that will help you make the best decision for your business.

Accounts Payable 40

Accounts Payable Accounts Payable AP Accounting 40

AvidXchange

SEPTEMBER 1, 2017

Electronic payments have emerged as one of the best ways to send money. Many businesses are choosing to use payment software because it is the easiest, cheapest, and most ideal payment method. Electronic payment systems on the other hand are much more efficient. What Is An Electronic Payment System?

Billing 52

Billing Deposits Invoicing Computation 52

AvidXchange

MAY 7, 2019

But thanks to the rapid evolution of payment technology, making purchases and moving funds with a thumbprint or a click of a button is the new normal. Simplicity: Digital payments are unencumbered by the postal service and don’t have to be signed by the controller or CFO with a pen.

Deposits 40

Deposits AP Accounts Payable Accounts Payable 40

AvidXchange

JANUARY 10, 2018

Once upon a time, most consumers used cash and paper checks to pay for goods and services. Since the evolution of technology and payments, shoppers have seen the light. Many are making payments with the click of a button – all thanks to tech. They’re done with the days of late fees and manual processes for payments.

AP 40

AP Deposits Accounts Payable Accounts Payable 40

AvidXchange

APRIL 14, 2021

You could continue using manual accounts payable (AP) systems, or shift to automated AP systems. Let’s start with this: manual processes use mostly paper such as checks, purchase orders, invoices. Meanwhile, automated processes use a lot less paper to reduce mistakes that often pop up using scattered paper processes.

AP 40

AP General Ledger Purchase Order Data Entry 40

Nanonets

APRIL 29, 2024

If you want to keep your vendors happy, you need to make sure they’re paid on time. QuickBooks Online and QuickBooks Desktop offer several ways to make your vendor payment process easier. In this blog post, you’ll learn how to pay vendors in both online and desktop versions of QuickBooks.

QuickBooks 52

QuickBooks Purchase Order Billing Computation 52

AvidXchange

SEPTEMBER 19, 2017

AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. This panel will share information about the tools and reports that they use to help them navigate this stressful time, along with best practices for keeping your team motivated during long work hours over the holidays.

Billing 52

Billing AP Accounts Payable Accounts Payable 52

AvidXchange

APRIL 19, 2018

In the accounts payable process, payment cycles are plagued with inefficiencies and challenges. Printed checks and paper invoices often drive up the time and money spent to process supplier payments. Accounts payable automation software streamlines invoice, approval, and payments based on your business’ current rules and processes.

Accounts Payable 40

Accounts Payable Accounts Payable AP Accounting 40

MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. The process includes invoice receipt, verification, approval, and eventual payment.

Accounts Payable 80

Accounts Payable Accounts Payable Outgoing Payments AP 80

MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. Timely, accurate, and convenient payments are not just transactions — they’re the foundation of trust and partnership. Moreover, certain payment methods offer greater security than others.

AP 79

AP Deposits Accounts Payable Accounts Payable 79

MineralTree

MARCH 16, 2023

There are several tools that teams can use to move away from these manual and expensive processes. Offloading and outsourcing AP tasks to avoid retraining teams or hiring more staff is another method used by finance teams to modernize their back office. In fact, vendor enrollment is the number one pain point for accounts payable teams.

Accounts Payable 88

Accounts Payable Accounts Payable AP Data Entry 88

MineralTree

MARCH 23, 2023

Products using an intermediary or FBO account to make vendor payments are akin to connecting flights. On the other hand, MineralTree’s AP automation solution uses a direct debit method, which debits authorized payments straight from your bank account over to vendors via their preferred payment method.

AP 65

AP Accounting Accounting Invoicing 65

AvidXchange

JULY 26, 2022

You’ve probably heard of electronic payment systems and actually used them. But you may not have explored what these systems mean, which types are most relevant to you, how they work and ways they can help your business grow. You’ll find answers to all these questions here: Table of Contents What is an Electronic Payment?

AP 52

AP Billing Accounts Payable Accounts Payable 52

MineralTree

FEBRUARY 22, 2024

This blog takes a deeper dive into how your business can benefit from integrating your AP automation with Sage Intacct. Key takeaways Sage Intacct offers many benefits to small and mid-size companies, with numerous payment options available. Virtual card payments provide a digital alternative to a physical credit or debit card.

AP 52

AP Invoicing Invoice Processing Reconciling 52

Nanonets

MARCH 27, 2023

Every business has vendors, and the purchase order is one of the main documents while interacting with the vendor. In this blog, we will learn everything you need to create efficient purchase order workflows. In this blog, we will learn everything you need to create efficient purchase order workflows. Try it for free!

Purchase Order 52

Purchase Order Budgeting Invoicing Data Entry 52

MineralTree

MAY 4, 2023

How to Respond to Vendor Inquiries with AP Automation & Payment Services Not having enough time is the bane of every AP team. Too many are still burdened by the labor- and time-intensive tasks of manual invoice and payment processing, and are paying a heavy price for it. But it doesn’t have to be that way.

AP 82

AP Invoicing Invoice Processing Reconciling 82

Invoicera

MAY 6, 2024

Introduction Ever spent hours buried in spreadsheets, manually creating invoices and chasing down payments? Forget the manual calculations, the messy spreadsheets, and the chasing of payments – this software automates everything, therefore, you will save a lot of time and you will earn faster. You’re not alone.

Invoicing 52

Invoicing Billing XERO Accounting Software 52

Nanonets

JANUARY 17, 2024

In essence, it's the art and science of making sure that every penny spent by your business not only counts but is accounted for. Yet, this is how many businesses still approach expense management – a critical yet often under-appreciated aspect of their operations. how to create an expense policy?

Expense Reports 52

Expense Reports Budgeting Data Entry Auditing 52

Invoicera

NOVEMBER 23, 2023

We’ll explore their strengths, discover what they can do, and see how they help businesses control spending, leading to better financial management and smoother operations. Good expense management means using money smartly to reach financial goals and avoid waste. What Is Expense Management?

Expense Reports 99

Expense Reports Auditing Invoicing Budgeting 99

Invoicera

MARCH 6, 2024

This blog offers an all-encompassing guide to: The critical role of financial handling Selecting the best tools, like Invoicera and Zoho, for the job A deep dive into what makes these tools indispensable Bonus tips for making intelligent financial decisions Dive in for a concise journey to financial prowess. So, let’s begin!

Expense Reports 52

Expense Reports Invoicing Billing Petty cash 52

Invoicera

DECEMBER 5, 2023

87% of businesses receive payment after their invoice due date, with 43% being paid 15 or more days late. – Chaser Do you also fall in the 87% of businesses that receive late payment and are stressed due to cash flow constraints? Join us to explore these invoicing solutions. Join us to explore these invoicing solutions.

Invoicing 59

Invoicing Billing Invoice Processing XERO 59

AvidXchange

OCTOBER 12, 2021

But how much can you save? These savings vary depending on how they’re calculated. The key difference between the two groups was automation; top performers typically use it while lower performers don’t. It’s one of the most accurate and widely used measures of how much savings are possible. The good news?

AP 52

AP Invoicing Invoice Processing Accounts Payable 52

AvidXchange

MAY 15, 2018

Several small steps can make a big difference when it comes to paying vendors on time—invoice entry, approvals, and handling different payment methods. Businesses want flexibility, visibility, and security when paying vendors, which just isn’t possible often enough with paper.

Accounts Payable 40

Accounts Payable Accounts Payable AP Accounting 40